Most Loved (and Hated) Quant Trade Lures $3 Billion to ETFs
- Value funds added the most since December last month
- Japan and U.S. small caps are appealing: 3Edge’s Cucchiaro
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It’s one of the most polarizing strategies there is, yet betting on value stocks is back in vogue for investors in exchange-traded funds.
More than $3 billion poured into ETFs that focus on undervalued companies in October, the most this year, data compiled by Bloomberg Intelligence show. The Vanguard Value ETF was the biggest beneficiary, adding close to a third of that amount. The fund rose 1% at 2:18 p.m. in New York Friday. Just this week, the SPDR S&P 400 Mid Cap Value ETF saw its largest inflow since December.